SAN FRANCISCO (KRON) – If you’ve ever found yourself researching that trip to Fiji or Paris yet backing out once you remember how much is left in your bank account, you aren’t alone.
68% of Americans skipped a recreational activity in the last year because it would hit their wallets too hard, according to a new online survey by personal finance website Bankrate.
The study also revealed:
- 42% skipped vacations
- 32% didn’t attend a music concert
- 28% refused an opportunity to eat out with family and friends
- 26% passed on attending a professional sports game, trip to the zoo, amusement park or aquarium
- 25% didn’t go to the movies
The 2,504 people surveyed cited cost 43% of the time as to why they made those decisions, followed by paying off credit card and student loan debts, then saving.
50% of people surveyed said the activity was “not worth paying for.”
The age group that couldn’t afford vacations the most was millennials, with 21% saying it’s due to student debt.